2019-08-28T14:15:31-05:00 2018-12-31 382492570 DOEREN MAYHEW 305 W BIG BEAVER ROAD TROY MI 48084 990 2018-01-01 381524325 TLC COMMUNITY CREDIT UNION TLCC 5174239120 3030 S ADRIAN HWY ADRIAN MI 49221 RANDALL SMITH CEO 5174239120 2019-08-23 1 ROBERT PARKS P00740435 2482443000 64.95.240.2 2019-08-23 16:37:51 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 A7DB26C3BB201601930FCFA0C4651552B54C26A2 2018 2020-03-31 21:24:44Z RANDALL SMITH 3030 S ADRIAN HWY ADRIAN MI 49221 51749460 0 X WWW.TLCCU.ORG X CREDIT UNION 1956 MI PROVIDE FINANCIAL SERVICES TO MEMBER OWNERS WITH A COMMON BOND. 7 7 129 10 61429 44261 0 0 16133731 17175679 4144724 4257216 -85855 -11160 20192600 21421735 7810 6690 0 0 6690989 7319811 0 0 0 8176583 8844036 14875382 16170537 5317218 5251198 465553047 483457759 399905587 413100178 65647460 70357581 TO PROMOTE THE PHILOSOPHY OF PEOPLE HELPING PEOPLE. STRIVING TO BE THE PRIMARY PROVIDER OF FINANCIAL SERVICES TO OUR MEMBERS AND THEIR FAMILIES BY PROVIDING THE OPPORTUNITY TO ACHIEVE FINANCIAL SECURITY AND WELL-BEING. 0 0 PROVIDE 50,698 MEMBERS WITH SAVINGS, SHARE DRAFTS, CLUB, MONEY MARKET, BUSINESS, INDIVIDUAL RETIREMENT, AND CERTIFICATES OF DEPOSIT ACCOUNTS TOTALING 90,283. PROVIDE 15,152 NEW AND USED AUTO, REVOLVING CREDIT, OVERDRAFT, COMMERCIAL, REAL ESTATE, HOME EQUITY, STUDENT AND CREDIT CARD LOANS. OFFER ATM, HOME BANKING, AUDIO RESPONSE, ACH, SAFE DEPOSIT BOXES, OVERDRAFT PROTECTION, CHECK CASHING, TRAVEL CARDS, MOBILE BANKING, MOBILE DEPOSIT CAPTURE AND VARIOUS INSURANCE PROGRAMS TO ALL ELIGIBLE MEMBERS. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 11702 0 1 129 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X TLC COMMUNITY CREDIT UNION 5174239120 3030 S ADRIAN HWY ADRIAN MI 49221 MARK SPOHR CHAIRPERSON 1.00 X 0 0 0 DAVID MILLER VICE CHAIRPERSON 1.00 X 0 0 0 CHRIS LANE SECRETARY 1.00 X 0 0 0 JEFF BREHMER DIRECTOR 1.00 X 0 0 0 TROY BEVIER DIRECTOR 1.00 X 0 0 0 RICHARD EGLI DIRECTOR 1.00 X 0 0 0 MILTON ABBOTT DIRECTOR 1.00 X 0 0 0 JOE MURPHY TREASURER 1.00 X 0 0 0 MONICA CARO DIRECTOR 1.00 X 0 0 0 RANDALL SMITH CEO 40.00 X 250703 0 65574 MICHAEL SERVOSS EVP-ADMINISTRATION 40.00 X 166800 0 46491 ROY CADIEUX EVP-OPERATIONS 40.00 X 179818 0 22494 ROBERT SCHROCK SR VP LENDING 40.00 X 142546 0 21728 739867 0 156287 4 0 1 0 JACK HENRY & ASSOC PO BOX 609 MONETT MO 65708 DATA PROCESSING 280914 AMERICAN EXPRESS PO BOX 650448 DALLAS TX 752650448 CREDIT CARD 232837 KREIGHOFF-LENAWEE COMPANY P O BOX 100 ADRIAN MI 49221 GENERAL CONTRACTOR 218985 INSIGHT P O BOX 731069 DALLAS TX 75373 COMPUTER HARDWARE 199580 WESCOM RESOURCES GROUP 5601 E LAPAMA AVE ANAHEIM CA 92807 ONLINE/MOBILE BANKING 182097 11 LOAN INTEREST INCOME 522100 10918494 10918494 FEE AND OTHER INCOME 522100 6195756 6195756 NON-MEMBER ATM INCOME 900099 61429 61429 17175679 3914993 3914993 60900 72060 -11160 -11160 -11160 19880243 10717645 19805357 10450308 74886 267337 342223 342223 21421735 21360306 61429 0 6690 731880 4867566 496541 811766 412058 28104 57989 827041 445349 1212204 291197 636334 135019 1911786 538140 76679 990T EXPENSE 5280 LOAN SERVICING 2046320 PROVISION FOR LOAN LOSS 411809 MISCELLANEOUS EXPENSE 116629 104156 16170537 5012150 5574125 1205279 2527015 131676 225823 244558705 266082511 520187 440108 15202210 6055802 7998702 9146408 184023959 182027343 14693799 9730803 7408590 7703623 465553047 483457759 1683258 1872026 398222329 411228152 399905587 413100178 X 0 0 0 0 65647460 70357581 65647460 70357581 465553047 483457759 X 5251198 -540140 -937 X X 0 1 X 1 0 2514446 2514446 8307011 2965212 5341799 21804 20067 1737 4358949 3070523 1288426 9146408 CERTIFICATES OF DEPOSIT 1452245 C FEDERAL AGENCY SECURITIES 179254298 F FHLB STOCK 1320800 C 182027343 MEMBER SHARES 411228152 411228152 X 21493795 0 21493795 -72060 -72060 21421735 16242597 72060 72060 16170537 0 16170537 PART X, LINE 2: TLC COMMUNITY CREDIT UNION IS EXEMPT, BY STATUTE, FROM FEDERAL INCOME TAXES ON INCOME RELATED TO THE EXEMPT PURPOSE OF THE CREDIT UNION. THE CREDIT UNION IS A STATE-CHARTERED CREDIT UNION DESCRIBED IN INTERNAL REVENUE CODE ("IRC") SECTION 501(C)(14). AS SUCH, THE CREDIT UNION IS EXEMPT FROM FEDERAL TAXATION OF INCOME DERIVED FROM THE PERFORMANCE OF ACTIVITIES THAT ARE IN FURTHERANCE OF ITS EXEMPT PURPOSES. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME (AS DEFINED IN SECTION 512) DERIVED BY STATE-CHARTERED CREDIT UNIONS. MANY STATES HAVE SIMILAR LAWS. THE SPECIFIC APPLICATION OF SECTION 512 TO THE VARIOUS ACTIVITIES CONDUCTED BY STATE-CHARTERED CREDIT UNIONS HAS BEEN AN ISSUE FOR MANY YEARS. IN 2007, THE INTERNAL REVENUE SERVICE ("IRS") ISSUED A SERIES OF TECHNICAL ADVICE MEMORANDA ("TAM") TO A NUMBER OF STATE-CHARTERED CREDIT UNIONS LOCATED THROUGHOUT THE COUNTRY. IN THESE TAMS, THE IRS RULED CERTAIN PRODUCTS AND SERVICES TO BE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. IN LIGHT OF THE TAMS, THE CREDIT UNION HAS ASSESSED ITS ACTIVITIES AND ANY POTENTIAL FEDERAL OR STATE INCOME TAX LIABILITY. IN THE OPINION OF MANAGEMENT, ANY LIABILITY ARISING FROM FEDERAL OR STATE TAXATION OF ACTIVITIES DEEMED TO BE UNRELATED TO ITS EXEMPT PURPOSE IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON THE CREDIT UNION'S FINANCIAL CONDITION OR RESULTS OF OPERATIONS. THE CREDIT UNION'S OPEN AUDIT PERIOD IS FOR THE THREE YEAR PERIOD ENDED DECEMBER 31, 2018. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSE IS REPORTED AS A REDUCTION OF RENTAL REVENUE IN FORM 990 BUT INCLUDED IN EXPENSES IN THE AUDITED FINANCIAL STATEMENTS -72,060. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE IS REPORTED AS A REDUCTION OF RENTAL REVENUE IN FORM 990 BUT INCLUDED IN EXPENSES IN THE AUDITED FINANCIAL STATEMENTS 72,060. 1 HOSPICE OF LENAWEE COUNTY 1903 WOLF CREEK HWY ADRIAN MI 49221 382414012 501(C)(3) 400 CHARITABLE CONTRIBUTION YMCA OF LENAWEE COUNTY 638 W MAUMEE STREET ADRIAN MI 49221 381393859 501(C)(3) 300 CHARITABLE CONTRIBUTION CATHERINE COBB SAFE HOUSE 220 N MAIN ST ADRIAN MI 49221 382628219 501(C)(3) 650 CHARITABLE CONTRIBUTION ADRIAN EDUCATION FOUNDATION 785 RIVERSIDE AVE SUITE 2 ADRIAN MI 49221 382760130 501(C)(3) 750 CHARITABLE CONTRIBUTION ALZHEIMER'S RESEARCH ASSOCIATION 310 N MAIN ST CHELSEA MI 48118 465365726 501(C)(3) 500 CHARITABLE CONTRIBUTION BOYS & GIRLS CLUB OF LENAWEE 340 E CHURCH ST STE A ADRIAN MI 48221 383558470 501(C)(3) 350 CHARITABLE CONTRIBUTION HABITAT FOR HUMANITY 1025 E US HWY 223 ADRIAN MI 48221 382886158 501(C)(3) 500 CHARITABLE CONTRIBUTION LENAWEE COUNTY EDUCATION FOUNDATION 4107 N ADRIAN HWY ADRIAN MI 48221 382644523 501(C)(3) 2650 CHARITABLE CONTRIBUTION LENAWEE COUNTY FOUNDATION 606 N EVANS ST TECUMSEH MI 49286 386095474 501(C)(3) 240 CHARITABLE CONTRIBUTION LENAWEE HUMANE SOCIETY 705 W BEECHER ST ADRIAN MI 48221 381574080 501(C)(3) 350 CHARITABLE CONTRIBUTION 10 0 PART I, LINE 2: THE CREDIT UNION CHOOSES DONATION RECIPIENTS BASED ON CERTAIN CRITERIA AND KEEPS SUPPORTING DOCUMENTS FOR THEIR DECISIONS. X 1 1 X X X X 0 1 0 RANDALL SMITH CEO 250117 0 0 0 586 0 31120 0 34454 0 316277 0 0 0 MICHAEL SERVOSS EVP-ADMINISTRATION 165934 0 0 0 866 0 21048 0 25443 0 213291 0 0 0 ROY CADIEUX EVP-OPERATIONS 177496 0 0 0 2322 0 21475 0 1019 0 202312 0 0 0 ROBERT SCHROCK SR VP LENDING 140492 0 0 0 2054 0 17430 0 4298 0 164274 0 0 0 PART I, LINE 4B THE CREDIT UNION HAS CONTRIBUTED TO A BANK-OWNED LIFE INSURANCE PLAN (BOLI) FOR THE CEO, RANDALL SMITH. THE CASH SURRENDER VALUE OF THIS PLAN AS OF DECEMBER 31, 2018 IS $1,131,851. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS A SINGLE CLASS OF MEMBERS WITH EQUAL RIGHTS OF OWNERSHIP, GOVERNANCE AND VOTING. FORM 990, PART VI, SECTION A, LINE 7A BOARD MEMBERS ARE ELECTED BY THE MEMBERSHIP AT THE ANNUAL MEETING OF THE MEMBERSHIP FOR 3 YEAR TERMS. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERSHIP OF THE CREDIT UNION MUST APPROVE MERGERS, FIELD OF MEMBERSHIP CHANGES, BY-LAW CHANGES, AND CHARTER CHANGES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 AND SCHEDULES ARE CAREFULLY REVIEWED BY THE EXECUTIVE VICE PRESIDENT-ADMINISTRATION, THE CEO ALSO REVIEWS IN SUMMARY. THE FORM 990 AND SCHEDULES ARE MADE AVAILABLE TO THE BOARD OF DIRECTORS FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C CONFLICTS OF INTEREST ARE MONITORED BY A SYSTEM OF DUAL CONTROLS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS DETERMINES CEO COMPENSATION THROUGH THE USE OF MULTIPLE SALARY SURVEYS AND THIRD PARTY APPRAISAL AND COMPENSATION SYSTEM. THE CEO USES THE SAME RESOURCES FOR DETERMINING VP COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 MONTHLY FINANCIAL STATEMENTS ARE POSTED IN THE LOBBIES OF THE CREDIT UNION. OTHER DOCUMENTS ARE AVAILABLE FOR REVIEW UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN ACTUARIAL VALUE OF POST-RETIREMENT BENEFITS -937. FORM 990, PART XII, LINE 2C THERE WERE NO CHANGES IN THE PROCESS OF THE COMMITTEE THAT ASSUMES RESPONSIBILITY OF THE OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR.